NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

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“A VCE's customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship," said the NYDFS.

Source: Cointelegraph.com News

#Regulation, #NewYork, #NYDFS, #Bankruptcy, #CryptocurrencyExchange